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ERM

Elm Ridge Management Portfolio holdings

AUM $88.8M
1-Year Est. Return 18.88%
This Fund
S&P 500
This Quarter Est. Return
+4.84%
1 Year Est. Return
+18.88%
3 Year Est. Return
+93.64%
5 Year Est. Return
+193.58%
10 Year Est. Return
+285.91%
AUM
$1.06B
AUM Growth
+$68.1M
Cap. Flow
+$34.6M
Cap. Flow %
3.27%
Top 10 Hldgs %
52.57%
Holding
51
New
5
Increased
12
Reduced
19
Closed
14

Top Buys

Rank Stock Value
1
CCL icon
Carnival Corporation Ltd
CCL
+$16.1M
2
IP icon
International Paper
IP
+$14.7M
3
ASNA
Ascena Retail Group, Inc.
ASNA
+$14.6M
4
UPBD icon
Upbound Group
UPBD
+$8.93M
5
MBI icon
MBIA
MBI
+$7.9M

Top Sells

Rank Stock Value
1
NBR icon
Nabors Industries
NBR
+$25M
2
MLM icon
Martin Marietta Materials
MLM
+$14.3M
3
TECD
Tech Data Corp
TECD
+$14.2M
4
BCC icon
Boise Cascade
BCC
+$13M
5
LLY icon
Eli Lilly
LLY
+$9.9M

Sector Composition

Rank Sector Weight
1 Financials 18.18%
2 Technology 10.57%
3 Healthcare 10.43%
4 Energy 7.38%
5 Consumer Discretionary 7.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CNQR
51
DELISTED
CONCUR TECHNOLOGIES INC
CNQR
– –
-81,287
Closed -$8.05M
1 2
3

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Elm Ridge Management's Q2 2014 Portfolio in Review

As of Q2 2014, Elm Ridge Management held 51 positions worth $1.06B, up 6.9% from $990M the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Elm Ridge Management deployed $34.6M of net new capital in Q2 2014, opening 5 new positions and adding to 12 existing holdings. Its largest new stake was Carnival Corporation Ltd: 415,071 shares worth $15.6M.

By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 21% a quarter earlier, followed by Technology and Healthcare.

On the sell side, the largest reduction was Eli Lilly, an estimated $9.9M trimmed.

  • Elm Ridge Management's largest Q2 2014 buy was Carnival Corporation Ltd: 415,071 shares worth $15.6M.
  • Elm Ridge Management added most to MBIA in Q2 2014, an estimated $7.9M increase.
  • Elm Ridge Management's biggest Q2 2014 reduction was Eli Lilly, cutting an estimated $9.9M.
  • Elm Ridge Management fully exited Nabors Industries in Q2 2014, selling an estimated $25M.
  • Elm Ridge Management's ten largest holdings make up 53% of its $1.06B portfolio in Q2 2014.
  • Elm Ridge Management opened 5 new positions and closed 14 in Q2 2014.
  • Elm Ridge Management's portfolio value rose 6.9% quarter-over-quarter to $1.06B.

Based on Elm Ridge Management's 13F filing for Q2 2014, filed 14 Aug 2014.